This bill establishes an advanced registered nurse practitioner preceptor tax credit that can be applied against individual income tax. It defines key terms such as "preceptor," "clinical preceptorship," and "nursing program," and outlines the eligibility criteria for preceptors to qualify for the tax credit. To be eligible, preceptors must provide uncompensated instruction and supervision during a clinical preceptorship, be employed at the clinical facility, be selected by the nursing program, and have at least one year of experience in the preceptor role. The tax credit is set at $1,000 per clinical preceptorship, with a maximum aggregate credit of $2,000.

Additionally, the bill mandates that preceptors maintain accurate documentation of the clinical experience provided to students, including essential details such as the student's name, nursing program, and hours of supervision. The Department of Revenue is tasked with submitting an annual report to the General Assembly detailing the tax credit's activities, including the total amount of credits claimed and the number of students supervised. The provisions of this bill will take effect for tax years beginning on or after January 1, 2026.